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Fixed Assets and Component Accounting in Social Housing
If you’ve not already been put off by the title of this piece, you may well be a finance person rather than an asset management or IT person. It’s a sad truth that, for asset managers, component accounting is often an inconvenience they would rat
Overcoming the hurdles of fixed asset management
Controlling fixed asset information and extracting the data needed for compliance and reporting purposes can often come with many challenges. These hurdles may be caused by a lack of a proper functioning asset management system or the need to update
Back to school – Is your asset register ready for another term?
The most important register taken at schools and other educational establishments is, of course, the one that ensures that pupils are not missing from classes. There is, however, another crucial list that needs to be checked at the start and end of e
How does your organisation track its off-site assets?
Most, if not all, organisations have equipment that employees take out of the office. Whether consultants taking laptops to customer sites or a company phone that home-workers take to play Candy Crush Saga™ make important business calls. These it
Businesses use fixed assets such as plant, property and equipment in generating revenues and as infrastructure for the business. Fixed assets are not charged to the profit and loss account rather they are reported on the balance sheet and they stay o
Benefits of a single fixed asset register
As companies grow, change and alter, they can often find themselves investing in differing types of fixed asset management software, dependant on what is available at the time and what specific functionality might be required for a certain departm